If the money isn't paid back, the bank will sue both of you. If you raise as a defence that your signature was forged, then the bank will report that to the police who will charge her.

As mentioned, the bank will sue both of you. If you raise the fact that your wife forged your signature without your knowledge, the bank will report it to the police who will charge your wife.

That should result in the bank ceasing action against you to pay the debt, but if your wife is a co-owner of the property the bank will want to sell the house so they can access her share of the property.

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